24 Oct 20221024 Premarket Prep DAX

#Fin­twit #DAX #DE30Cash #Mar­ket­Pro­file #Order­flow

This is my pre­mar­ket prep for today’s Euro­pean ses­sion for DAX. This prep builds off of my week­ly trade plan I made here:

DAX 2022 Week 43 Trad­ing Plan

The pur­pose of a pre­mar­ket prep is to find setups with­in my week­ly trade plan bias

Larg­er Timeframe

• MN
  • Price trad­ing above Body, with­in range, above MN QLo, trad­ing with­in MN sup­ply Low in Dist. Curve
• W1
  • W1 Three Out­side Down with con­tin­u­a­tion clos­ing with­in W1-C‑S 12779.21 Low in Dist. Curve
  • Price closed above MN/W1 QLo, price trad­ing at W1 VWAP in DT

Nar­ra­tive

• D1
  • D1 Bull Engulf mid swing giv­ing D1-C‑D 12704.67
  • Over the week­end price gapped out and took out D1 Supply
• H4
  • D1/H4 QLo reject­ed price trad­ing mid swing
• Trend
  • Trend is Up 2/3
• Mar­ket Profile
  • Val­ues in DT
• LN Open
  • Prev. Day Exceed­ed ADR by 1.22
  • 0.99xASR ABove Val­ue, Out­side Range
  • Large Imbal­ance
  • Asia trad­ed lower
  • 0.81xASR Wide IBR
  • NY wider than LN

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • (Late-)Sustained Auc­tion
• Hypo 2
  • Long
  • Failed Auc­tion
• Hypo 3
  • Short
  • Weak­ness From With­in IBR
• Hypo 4
  • Long
  • Rever­sal, Auc­tion Fade

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

• 2

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing a bit tired, will take it easy

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

• Twit­ter
• Insta­gram